Amongst all the bearishness and predictions of a Bitcoin Crash one analyst speaking at the World Economic Forum in Davos, Jeet Singh, a cryptocurrency portfolio manager for the last six years, says it is common for virtual currencies to fluctuate by 70 or 80 percent.
He explained that one should compare cryptocurrencies, such as Bitcoin, EOT, and Ripple, to early tech giants like Microsoft.
He said: “If you look at Microsoft or Apple when they went public their stocks were very volatile because the market wasn’t mature.”
Mr. Singh further explained that long-term investors are less concerned about volatility than short-term traders as they are used to fluctuations.
Full story here: – Expert predicts $50,000 for Bitcoin
This is yet another prediction in a market full of uncertainty. Earlier this year, crypto entrepreneur, Bobby Lee made this prediction: – Bobby Lee’s crazy Bitcoin prediction
2018 has started with plenty of fireworks and volatility, we would love to hear your opinion on the Bitcoin price for the rest of the year…
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